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Ooh, a good question… which OFAC answers!

956. For the Belarus, Ukraine-/Russia-related, and Venezuela-related sanctions programs, how does OFAC view modifications to pre-existing loans, contracts, or other agreements to replace London Interbank Offered Rate (LIBOR) as the reference rate? Answer In July 2017, the United Kingdom Financial Conduct Authority (FCA) announced the “future cessation and loss of representativeness” of […]

OFSI’s notice about that Belarus sanctions webinar…

UK Sanctions Webinar: Belarus FCDO Sanctions Unit will provide an update on recent sanctions measures in respect of Belarus, on Wednesday 25th August 2021 at 11.00 BST (10.00 GMT).  The UK has imposed a package of trade, financial, and aviation sanctions on Belarus, in response to the continued undermining of democracy and human rights violations by […]

FCDO announces Belarus sanctions webinar

The UK has imposed a package of trade, financial, and aviation sanctions on Belarus, in response to the continued undermining of democracy and human rights violations by the Lukashenko regime. These measures coincided with the anniversary of the fraudulent election in Belarus, coincided with the US and Canada’s announcement of their own packages […]